By: Stephen Herring

Stephen Herring was head of tax at the Institute of Directors and is a former tax partner at Grant Thornton, Ernst & Young and BDO LLP. He currently serves on the TaxPayers Alliance Advisory Council

We can’t tax our way out of the Covid-19 crisis — instead, the chancellor must drive growth

There has never been a time to my knowledge when, in the run up to a Budget or other fiscal event, the Treasury has not highlighted the pressures on public finances which made the option for significant (or, indeed, any) net tax cuts unwise. Typically, projected shortfalls in the state’s annual budgets have been in [...]

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